Investment sales

Evergreen Sells Six Retail Parcels at West Mesa Commons in Colorado Springs, Colorado

by Hayden Spiess August 11, 2023

Colorado Springs, Colo. — Evergreen Devco has sold six retail parcels located at West Mesa Commons shopping center in Colorado Springs. Totaling 8.5 acres, the parcels are situated within a 51-acre mixed-use development project by Evergreen, which also includes an apartment community and townhome community. A 2,213-square-foot Starbucks Coffee occupies one of the parcels, and other tenants include a 5,606-square-foot Super Star Car Wash and a 5,533-square-foot Circle K. Pacific Dental Services plans to begin construction at the property this fall, and Popeyes and Les Schwab Tire Center also plan to …

August 11, 2023

California Investment sales Net lease News

CBRE Arranges $6.8 Million Sale of Rite Aid-Leased Building in Banning, California

by Hayden Spiess August 11, 2023

Banning, Calif. — CBRE has brokered the $6.8 million sale of a retail building located in Banning. A local private investor acquired the property from another private investor. David McNevin, Melissa Ley Marshall and Ian Schroeder of CBRE represented the seller in the transaction. Rite Aid occupies the 17,272-square-foot property, which was built in 2009, on a double-net lease.

August 11, 2023

Investment sales Net lease New York News

Boulder Group Arranges $5 Million Sale of Single-Tenant Property Leased to 7-Eleven in New York

by Hayden Spiess August 11, 2023

Haverstraw, N.Y. — The Boulder Group has arranged the $5 million sale of a 3,034-square-foot retail property in Haverstraw that is net leased to 7-Eleven. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a regional developer, in the transaction. The buyer was a New York-based private investor that acquired the asset via a 1031 exchange.

August 11, 2023

Investment sales Missouri News

Marcus & Millichap Brokers $9.1 Million Sale of Retail Strip Center in Branson, Missouri

by Hayden Spiess August 10, 2023

Branson, Mo. — Marcus & Millichap has brokered the $9.1 million sale of Lakeside Shoppes at Branson Landing, a 30,763-square-foot retail strip center in Branson. Built in 2015, the property is located directly adjacent to Branson Landing, a $435 million waterfront development situated on 95 acres along the banks of Lake Taneycomo. Tenants at the center include Qdoba Mexican Grill, Tropical Smoothie Café, Cold Stone Creamery and Pappo’s Pizzeria & Pub. Chris Garavaglia, Alex Perez and Austin Sweet of Marcus & Millichap represented the seller, a limited liability company. The buyer …

August 10, 2023

Investment sales News Texas

JLL Arranges Sale of 261,730-Square-Foot Shopping Center in Fort Worth, Texas

by Hayden Spiess August 9, 2023

Fort Worth, Texas — JLL Capital Markets has arranged the sale of Eastchase Market, a 261,730-square-foot shopping center in Fort Worth. Built in 1995, the property was 92 percent occupied at the time of sale to tenants including AMC Theatres, Ross Dress for Less, Spec’s, Big Lots, Harbor Freight Tools and Marshalls. Adam Howells, Barry Brown and Cole Sutter brokered the sale on behalf of the undisclosed seller.

August 9, 2023

California Investment sales News

DMI Real Estate Group Sells Two Retail Centers in California for $25.5 Million

by Hayden Spiess August 9, 2023

La Habra and La Palma, Calif. — DMI Real Estate Group has sold La Palma Collection and The Row on Harbor in California for a total of $25.5 million. The Row on Harbor in La Habra features 23,314 square feet of retail space. At the time of sale, the property was fully leased to 14 tenants, including EggBred, AkaFuji, Furai Chicken, Bodhi Leaf Coffee Traders, Code Ninjas and Club Pilates. A 1031 all-cash buyer acquired the property for $12.5 million. Located in La Palma, La Palma Collection features 23,882 square feet …

August 9, 2023

California Investment sales Mixed-use News

BH Properties Acquires 322,000-Square-Foot Mixed-Use Property in San Francisco

by Hayden Spiess August 8, 2023

San Francisco — BH Properties has acquired Anchorage Square, a 322,000-square-foot mixed-use property located in Fisherman’s Wharf in San Francisco. Built in 1974 and situated on 2.6 acres, the development features 63,000 square feet of retail space, as well as a 128-room hotel, 28,000 square feet of office space and a 685-space parking garage. The buyer plans to implement an extensive capital improvement program, which will include upgraded façades, landscaping, lighting, signage, wayfinding and tenant and common areas. The firm will also explore alternative uses for the office space such as …

August 8, 2023

College-Square-Shopping-Center_Salisbury-Md

Investment sales Maryland News

KLNB Brokers $14.2 Million Sale of College Square Shopping Center in Salisbury, Maryland

by Hayden Spiess August 8, 2023

Salisbury, Md. — KLNB has brokered the $14.2 million sale of College Square Shopping Center in Salisbury. Tenants at the center, which was 97 percent leased at the time of sale, include Dollar Tree, BioLife Plasma, Ace Hardware and Planet Fitness. Chris Burnham, Vito Lupo, Andy Stape and Jake Furnary of KLNB’s Retail Capital Markets team arranged the sale on behalf of the seller, Rockford Capital Partners, which has owned the property since 2015.

August 8, 2023

Investment sales News North Carolina

Legacy Arranges $7.1 Million Sale of Northeast Plaza in Lumberton, North Carolina

by Hayden Spiess August 8, 2023

Lumberton, N.C. — Legacy Realty Group Advisors has arranged the $7.1 million sale of Northeast Plaza, a 53,867-square-foot shopping center in Lumberton. Built in 2000, the property was leased to 10 tenants at the time of sale. Jacob Baruch of Legacy represented the undisclosed seller in the transaction. Lisa Schaefer of LRS Management represented the buyer.

August 8, 2023

Investment sales Louisiana News

SRSA Arranges Sale of 228,000-Square-Foot Shopping Center in New Orleans

by Hayden Spiess August 7, 2023

New Orleans — SRSA Commercial Real Estate has arranged the sale of Algiers Plaza, a 228,000-square-foot shopping center located in New Orleans. Tenants at the property include Winn-Dixie, Walgreens, Ross Dress for Less, T.J. Maxx, Petco, Five Below and Chick-fil-A. Steve Reisig, Kirsten Early and Christopher Robertson Jr. of SRSA, along with Scott DeYoung and Jeff Conover of Faris Lee Investments, represented the seller, N3 Real Estate, in the transaction.

August 7, 2023

Newer Posts

Older Posts